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Mark Scott, a lawyer linked to the OneCoin crypto scheme a short time in the past convicted for fraud and cash laundering, has been granted bail pending an appeal of his circumstance.
In an April 18 submitting in United States District Court docket for the Southern District of New York, Select Edgardo Ramos permitted bail for Scott 3 months following sentencing the lawyer to jail for 10 yrs. A portion of the court docket docket submitting skilled been redacted regarding Scott’s well being points, which his authorized workforce argued didn’t make him a flight risk.
“Primarily based on the file upfront of the Court docket, introduced Scott’s medical circumstances and since he has not been charged with a violent legal offense, the Court docket docket doesn’t uncover that Scott is almost definitely to flee or pose a hazard to the safety of some other particular person or the neighborhood if approved to stay on bail,” talked about Select Ramos.
In accordance to a acknowledge submitted on Feb. 7, there have been “substantial questions” of laws to think about in a potential enchantment. Scott’s authorized group proposed Konstantin Ignatov — brother of Ruja “Cryptoqueen” Ignatova and a chief of the OneCoin plan — had perjured himself, however prosecutors even now utilized his testimony of their state of affairs.
“[T]he Court docket docket thinks it is extremely uncertain that Scott will obtain a reversal or new demo on each counts,” reported the determine. “However the Courtroom are unable to say that the queries are frivolous. And they’re sufficiently integral to the deserves of Scott’s conviction {that a} opposite appellate protecting might almost definitely name for a reversal or new demo on all the counts for which Scott has been imprisoned.”
Associated: OneCoin: A deep dive into crypto’s most notorious Ponzi scheme
In November 2019, a jury convicted Scott of conspiracy to dedicate lender fraud and conspiracy to commit funds laundering associated to his job in laundering hundreds and hundreds of kilos by OneCoin. The lawyer laundered sources on the route of OneCoin co-founder Ruja Ignatova, who remained at vital on the time of publication.
OneCoin co-founder Karl Sebastian Greenwood was sentenced to twenty a number of years on fraud and money laundering bills in September 2023 and ordered to shell out $300 million in restitution to OneCoin victims. Former OneCoin chief compliance officer Irinia Dilkinska pleaded accountable to 2 felony counts and was sentenced to 4 a few years in jail on April 3.
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